Clorox stock is getting wiped out
CNN
Clorox was one of the bigger beneficiaries of the Covid economy, as people rushed out to buy bleach, wipes and other disinfecting supplies. The company couldn't keep wipes on store shelves.
But now that nearly 155 million Americans are fully vaccinated and resuming normal activities, consumers aren't practicing the whole cleanliness is next to godliness routine as much. Clorox (CLX) said in April that its quarterly sales were flat compared to a year ago and adjusted earnings fell nearly 15%. Revenue and profit for the company's next fiscal year, which begins Thursday, are expected to be flat as well.More Related News
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